206 Special lump sum death benefits charge
Finance Act 2004 (2004 c 12) | Legislation

206  Special lump sum death benefits charge

(1)     A charge to income tax, to be known as the special lump sum death benefits charge, arises where—

(a)     a pension protection lump sum death benefit,

(b)     an annuity protection lump sum death benefit, . . .

[(c)     a drawdown pension fund lump sum death benefit,] [or

(d)     a flexi-access drawdown fund lump sum death benefit,]

is paid[, to a non-qualifying person,] by a registered pension scheme [in respect of a member who had reached the age of 75 at the date of the member's death].

[(1ZA)     In subsection (1) the reference to a member (and to the member's death) are to be read—

(a)     in relation to—

(i)     a drawdown pension fund lump sum death benefit under paragraph 17(2) of Schedule 29, or

(ii)     a flexi-access drawdown fund lump sum death benefit under paragraph 17A(2) of Schedule 29,

as a reference to a dependant (and to the dependant's death),

(b)     in relation to a flexi-access drawdown fund lump sum death benefit under paragraph 17A(3) of Schedule 29, as a reference to a nominee (and to the nominee's death), and

(c)     in relation to a flexi-access drawdown fund lump sum death benefit under

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